ITT Inc. has successfully finalized the acquisition of 100% of the share capital of SPX FLOW from an affiliate of Lone Star Funds. This transformative strategic transaction follows a highly successful take-private phase, during which the organization underwent significant operational professionalization and commercial optimization. The strategic rationale for the move centers on the high degree of technical complementarity between the two portfolios, specifically uniting the target’s specialized mixing and thermal technologies with the acquirer’s established global industrial presence. By incorporating this technical leader, the organization significantly reinforces its position in high-growth, resilient end markets such as health and nutrition. The partnership is designed to leverage the acquirer’s industrialized scale and procurement resources to accelerate the target’s international development. This integration facilitates the creation of a differentiated global champion in fluid handling, providing the strategic depth and technical operational depth required to address complex global industrial challenges. This move solidifies the group’s standing as a primary enabler of technological advancement in the process technology sector.

SPX FLOW, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 10.2x average currently observed in the Industry & Manufacturing sector.

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